With the Reserve Bank of Australia recently musing about the potential of engaging in unconventional monetary policy to combat growing weakness in the
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Category: Economics
Is QE Inflationary?
The answer to the question posed in the title of this article is unquestionably “yes” – Quantitative Easing (QE) is most definitely inflationary,
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What’s Money? What’s Not?
Analysts who subscribe to the theory that modern-day boom-bust cycles are caused by large swings in the money supply would do well to
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Liquidity and the Mirage of Credit
There are many analysts today who insist on measuring global liquidity through the total amount of outstanding credit in the economy rather than
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Inflation, the Disease of Money
There is perhaps no economic subject more widely discussed today – nor more widely misunderstood – than that of inflation. While government economists
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